Mass housing developer 8990 Holdings, Inc. is planning to voluntarily delist from the Philippine Stock Exchange, as it believes the stock market is not providing it with a fair valuation. In a disclosure to the PSE, the firm said its board of directors approved the voluntary delisting during a...
Urban Deca Homes Commonwealth Housing developer 8990 Holdings Inc. reported a 21.17 percent decline in attributable consolidated net income to ₱5.43 billion last year from the ₱6.88 billion recorded in 2023 due to lower revenues generated. In a disclosure to the Philippine Stock...
Housing developer 8990 Holdings Inc., through its wholly-owned subsidiary 8990 Housing Development Corporation, has signed an agreement with the Quezon City local government to build a four tower project. In a statement, the firm said it has signed a Memorandum of Agreement with the local...
Housing developer 8990 Holdings, Inc. reported that its housing loan takeouts or proceeds from the Home Development Mutual Fund (HDMF or the Pag-ibig Fund) almost tripled last year from P5.96 billion in 2022. During the firm’s annual stockholders’ meeting on July 29, 2024, 8990 President and...
Megawide Construction Corporation has completed building the structure for housing developer 8990 Holdings’ 47-storey Urban Deca Cubao residential condominium. (L-R: Megawide Construction COO Frederick Tan, ECTA Principal Arch. Edward Co. Tan, Megawide Chairman & CEO Edgar Saavedra, 8990...
Housing developer 8990 Holdings Inc. reported that its first half net income inched up 2.5 percent to P3.79 billion in 2023 from the P3.69 billion earned last year. In a disclosure to the Philippine Stock Exchange, the firm said gross revenues from January to June 2023 was also almost flat at...
Housing developer 8990 Holdings, Inc. posted a 15.93 percent improvement in net income to P6.29 billion in the first nine months of 2022 from P5.43 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said total revenues grew 10.93 percent to P17.03...
Housing developer 8990 Holdings, Inc. posted a 55 percent increase in net income to P3.65 billion in the first six months of 2022 from P3.46 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, 8990 President and CEO Anthony Vincent Sotto said that the company was...
Leading mass housing developer 8990 Holdings Inc., is planning to launch within the second half of this year two projects that will generate a total of P12 billion in revenues. During the firm’s annual stockholders’ meeting, 8990 President Anthony Vincent Sotto said “Both of these projects...
Mass housing developer 8990 Holdings Inc. is acquiring a controlling stake in Cebu-based affordable housing builder Piccadilly Premier Land Inc. for P88.28 million. In a disclosure to the Philippine Stock Exchange, 8990 said it has entered into an Investment Agreement with Piccadilly, RDAK Land,...
Housing developer 8990 Holdings Inc. is planning a follow-on offering worth as much as P26.59 billion, consisting mostly of shares held by existing stockholders. In a statement, 8990 President and CEO Anthony Vincent Sotto said “the company views the follow-on offering as a re-IPO to re-introduce...
Housing developer 8990 Holdings, Inc. reported a 41 percent hike in gross revenues to a record P20 billion last year from the P14.2 billion generated in 2020. In a disclosure to the Philippine Stock Exchange, the firm said the milestone was achieved despite the twin challenges brought on by the...
